National

Here are some facts about British Columbia's housing market

Darpan News Desk The Canadian Press, 17 Oct, 2024 10:10 AM

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation's 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association's August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

Prev Next

MORE National ARTICLES

Housing in Abbotsford for women fleeing domestic violence

The head of a local non-profit organization that helps women and kids in the city says this will make a small dent as more than 180 women were on the wait-list for safe homes at the end of 2022. Michelle Puffer, with SARA for women, says this means that 12 women and their children will find a safe haven and can begin working on a new future.

Housing in Abbotsford for women fleeing domestic violence

B.C. sets record, delivers 350,000 surgeries last fiscal year, health minister says

The ministry says 99.9 per cent of the nearly 15,000 patients whose scheduled surgeries were postponed in the first wave of the pandemic in 2020 have had procedures if they still wanted them.

B.C. sets record, delivers 350,000 surgeries last fiscal year, health minister says

Coyote killed after attack on two-year-old child in Port Coquitlam, B.C., park

The B.C. Conservation Officer Service says on Twitter that the attack happened Wednesday after 8 p.m. at Lions Park near the town centre. The service says the public should not feed dangerous wildlife under any circumstances, and violators will incur "enforcement action as warranted."

Coyote killed after attack on two-year-old child in Port Coquitlam, B.C., park

Former NDP minister joins BC United

Harry Lali, who was a transportation and highways minister in the late 1990s for the New Democrats, says the N-D-P is now an urban interest party with little focus on issues and challenges facing rural communities.

Former NDP minister joins BC United

Drugs, guns, counterfeit cash seizure: Metro Transit Police

Police say they seized 10 firearms, 38-hundred rounds of ammunition, illicit drugs, 50-thousand-dollars in counterfeit cash, and a Mercedes believed to have been purchased using criminal proceeds.

Drugs, guns, counterfeit cash seizure: Metro Transit Police

Finance Minister Chrystia Freeland in Japan

Finance Minister Chrystia Freeland is in Niigata, Japan for a G-7 finance ministers' meeting that will discuss ways to support Ukraine and pressure Russia to end the war. Ukraine's finance minister is taking part online in the first session.